Ringcentral Stock Alpha and Beta Analysis
| RNG Stock | USD 34.87 0.17 0.49% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Ringcentral. It also helps investors analyze the systematic and unsystematic risks associated with investing in Ringcentral over a specified time horizon. Remember, high Ringcentral's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Ringcentral's market risk premium analysis include:
Beta 0.93 | Alpha 0.013 | Risk 2.43 | Sharpe Ratio 0.0352 | Expected Return 0.0855 |
Ringcentral Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Ringcentral |
Ringcentral Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Ringcentral market risk premium is the additional return an investor will receive from holding Ringcentral long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ringcentral. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Ringcentral's performance over market.| α | 0.01 | β | 0.93 |
Ringcentral expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Ringcentral's Buy-and-hold return. Our buy-and-hold chart shows how Ringcentral performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Ringcentral Market Price Analysis
Market price analysis indicators help investors to evaluate how Ringcentral stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ringcentral shares will generate the highest return on investment. By understating and applying Ringcentral stock market price indicators, traders can identify Ringcentral position entry and exit signals to maximize returns.
Ringcentral Return and Market Media
The median price of Ringcentral for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 32.96 with a coefficient of variation of 8.49. The daily time series for the period is distributed with a sample standard deviation of 2.78, arithmetic mean of 32.8, and mean deviation of 2.3. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 32014 shares by Vladimir Shmunis of Ringcentral at 33.158 subject to Rule 16b-3 | 09/05/2024 |
2 | Disposition of 300 shares by Kenneth Goldman of Ringcentral at 33.223 subject to Rule 16b-3 | 09/24/2024 |
3 | Disposition of 1985 shares by Vaibhav Agarwal of Ringcentral at 31.401 subject to Rule 16b-3 | 10/01/2024 |
4 | RingCentral Inc Trading 3.89 percent Higher on Oct 11 | 10/11/2024 |
5 | Hexagon Agility receives new wave of RNG fuel system orders for Class 8 Series trucks with Cummins X15N natural gas engine | 10/30/2024 |
6 | RingCentral Earnings What To Look For From RNG | 11/06/2024 |
7 | Heres What Key Metrics Tell Us About RingCentral Q3 Earnings | 11/08/2024 |
8 | RingCentral Inc Shares Down 2.5 percent on Nov 11 | 11/11/2024 |
9 | RingCentral Inc Shares Up 4.07 percent on Nov 13 | 11/13/2024 |
10 | AMERIPRISE FINANCIAL INCs Strategic Reduction in RingCentral Inc Holdings | 11/14/2024 |
11 | Why RingCentral is a Top Value Stock for the Long-Term | 11/15/2024 |
12 | RingCentral Inc Shares Down 2.1 percent on Nov 19 | 11/19/2024 |
13 | Foundry Partners LLC Invests 8.89 Million in RingCentral, Inc. | 11/21/2024 |
About Ringcentral Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Ringcentral or other stocks. Alpha measures the amount that position in Ringcentral has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 6.4 | 10.23 | 12.46 | 12.71 | Days Of Inventory On Hand | 4.6 | 0.69 | 0.82 | 0.78 |
Ringcentral Upcoming Company Events
As portrayed in its financial statements, the presentation of Ringcentral's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ringcentral's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Ringcentral's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Ringcentral. Please utilize our Beneish M Score to check the likelihood of Ringcentral's management manipulating its earnings.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Ringcentral Backtesting, Ringcentral Valuation, Ringcentral Correlation, Ringcentral Hype Analysis, Ringcentral Volatility, Ringcentral History and analyze Ringcentral Performance. For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Ringcentral technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.